Asked by Emma

What prevents a monopolistic competition from being perfectly competitive?

A. Consumers are not knowledgeable.
B. The market is dominated by one firm.
C. Products are not identical.
D. The barriers to entry are significant.
Is it A?

Answers

Answered by Ms. Sue
No.

https://www.investopedia.com/ask/answers/040915/what-difference-between-monopolistic-market-and-perfect-competition.asp
Answered by Emma
So the answer is C.
Answered by Ms. Sue
Is that what you learned from the Investopedia article?
Answered by Emma
Yes.
Answered by Ms. Sue
Then it must be the right answer.
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